Crecer Seguros S.A. Compañía de Seguros announced a private placement of 6,575,192 common shares at a price of PEN 1 per share for gross proceeds of PEN 6,575,192 on July 13, 2016. The shares will be issued at par. The transaction has been approved by shareholders of the company. The shares will be subscribed by two owners of the company by exercising their subscription right. The company’s registered capital will be increased from PEN 14,100,000 to PEN 20,675,192. The investors will acquire a total of 31.802326% stake in the company through this transaction.